>"Production of the battery cells as well as well as supporting modules is expected to start by mid-decade, the companies said."

“We have the will, and we have the patience,” said He Xiaopeng, the chairman and chief executive of Xpeng, in an interview. “I think we will find it very challenging, but we must also move forward.”

The new fissures in the economy suggest the easy growth in May and June after the states allowed businesses to reopen is giving way to a more protracted recovery whose progress is likely to be more uneven. “The layoffs add to concerns the _...Read More_

“The rental car industry - where Hertz Global Holdings Inc (HTZ.N) filed for bankruptcy protection in May - faces a deeply uncertain future. Around 62% of _...Read More_